SAMSUNG PLANS TO RELEASE ITS OWN CRYPTOCURRENCY

The South Korean Corporation is probably developing an altcoin based on the Ethereum blockchain and wants to add it to public trading platforms.

At the moment, the system is at the stage of internal testing. Sources of the publication claim that later the token will appear on public trading platforms, but the direction of the project has not yet been determined.

About two months ago, Samsung released its flagship cellphone, the Galaxy S10, which features a cryptocurrency private keys storage and other features such as support of blockchain-based digital signatures.

Last month, the company unveiled a cryptocurrency wallet, which is compatible with ether (ETH) and ethereum-based ERC20 tokens.

Although preinstalled in the S10 series, the wallet is still not active in some jurisdictions.